Belden Guides Q3 Revenues Above View As Q2 Results Top Estimates

RTTNews | hace 297
Stocktwits
Belden Guides Q3 Revenues Above View As Q2 Results Top Estimates

(RTTNews) - While reporting financial results for the second quarter on Thursday, Belden Inc. (BDC) provided its earnings, adjusted earnings and revenue guidance for the third quarter.

For the third quarter, the company expects earnings in a range of $1.00 to $1.10 per share and adjusted earnings in a range of $1.55 to $1.65 per share on revenues between $635 million and $650 million.

On average, six analysts polled by Thomson Reuters expect the company to report earnings of $1.63 per share on revenues of $629.71 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, the company reported net income attributable to Belden stockholders of $49.04 million or $1.19 per share, lower than $68.75 million or $1.60 per share last year. Excluding items, adjusted net income were $1.51 per share, compared to $1.91 per share in the year-ago quarter.

Revenues for the quarter declined 13 percent to $604.34 million from $692.25 million in the same quarter last year.

Analysts expected earnings of $1.37 per share on revenues of $574.32 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores. El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo. Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda. Todos los datos y la información se proporcionan "tal cual" con fines informativos únicamente y no están destinados a fines comerciales o de recomendación. Los resultados pasados no son indicativos de los resultados futuros.